Finance

Canadian Solar’s apparent victory in its legal dispute with LDK Solar has been overturned by the court that awarded it. The dispute relates to wafer supply contracts which LDK says Canadian Solar broke.

Former solar giant China Solar has been forced to delay its six-month figures as an investigation into two of its Chinese subsidiaries continues. Three directors were arrested over the alleged false reporting on registered capital for the units.

Chinese module manufacturer Astroenergy will acquire Conergy’s Frankfurt module business. The identity of the buyer for the Rangsdorf-based Mounting Systems business has not been revealed.

The Hong Kong-based solar power investment company plans to develop 400 MW PV power generation projects in China over the next three years.

The manufacturer of silicon-based products will buy the stake, which comprises two solar polysilicon ventures, for $240 million.

The Germany-based research institute becomes one of only three non-American research partners on the SunShot program, which aims to lower the electricity generation costs of solar energy in the U.S.

The Shanghai-based group said shipments exceeded forecasts due to an improved macro environment and increased business across key territories, particularly in the United States, where shipments tripled sequentially.

In a move that will improve its domestic business operations, LDK Solar has secured an onshore credit facility of up to $256 million. The company’s offshore operations remain unable to meet short-term liabilities, however.

Attendees at the 14th Forum Solarpraxis in Berlin have called for the role of renewables installations in stabilizing the electricity grid to be recognized. Grid representatives acknowledge possibilities but lament the lack of a political framework.

CEO’s unanimous at 14th Forum Solarpraxis – We must not rely on politicians. Use of social media is cited as a means of bypassing politics to get the PV message direct to consumers.